Radware Ltd. (NASDAQ:RDWR) has been assigned an average rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.40.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded Radware from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Needham & Company LLC restated a “buy” rating and issued a $26.00 target price (up from $24.50) on shares of Radware in a report on Wednesday. Barclays set a $24.00 target price on Radware and gave the stock a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded Radware from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. Finally, Dougherty & Co lifted their price target on Radware from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, February 1st.
Shares of Radware (NASDAQ RDWR) traded up $0.21 during midday trading on Tuesday, hitting $21.05. The company had a trading volume of 90,708 shares, compared to its average volume of 245,755. Radware has a twelve month low of $15.13 and a twelve month high of $21.65.
Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $58.50 million for the quarter, compared to analysts’ expectations of $55.93 million. Radware had a negative return on equity of 1.77% and a negative net margin of 3.55%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. analysts anticipate that Radware will post 0.03 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of RDWR. Wells Fargo & Company MN grew its holdings in shares of Radware by 8.3% during the second quarter. Wells Fargo & Company MN now owns 54,877 shares of the information technology services provider’s stock valued at $963,000 after buying an additional 4,217 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in Radware during the second quarter valued at $1,369,000. Vanguard Group Inc. boosted its position in Radware by 24.1% during the second quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after purchasing an additional 3,101 shares during the last quarter. California Public Employees Retirement System boosted its position in Radware by 2.2% during the second quarter. California Public Employees Retirement System now owns 188,600 shares of the information technology services provider’s stock valued at $3,308,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Radware by 2.2% during the second quarter. Goldman Sachs Group Inc. now owns 162,980 shares of the information technology services provider’s stock valued at $2,859,000 after purchasing an additional 3,568 shares during the last quarter. Institutional investors and hedge funds own 59.04% of the company’s stock.
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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